Negative export tax on the stock market?

According to Tejarat News, the stock exchange reached the level of one million and 452 thousand units by 11 o’clock with a growth of more than six thousand units.

Yesterday, the Ministry of Silence issued a circular entitled Export Duties on Mineral Products.

Some experts believe that this tax situation caused the stock market to become negative. On the other hand, some experts say that the stock market situation is normal and the tax rate has a relatively negative impact on the capital market in the long run.

“In all countries of the world, there are a series of incentive policies for exporters, but our situation is the opposite,” Borzoo Haghshenas, a capital market expert, told TradeNews. For example, in this year’s budget law, they abolished the export tax exemption. We have forced the exporter to offer its currency in the Nima system, where they pay a toll to the government and importers.

“In all countries of the world, exporters are encouraged,” he explains. Here, they take the currency of these people below the free market rate and create a rent for the converter. That the government has put its hand in the pockets of various industries and companies, and this does not make good sense for the stock market.

Regarding the stock market forecast, the jurist says: The stock market trend is upward. The negatives of the market are not a concern and we will be in a good situation in the assembly season.